June 14, 2019
San Francisco-based Farallon Capital Management acquired Paces West, a 646,471-square-foot office property in the Cumberland/Galleria submarket of Atlanta, as part of a joint venture with Crocker Partners for reportedly $120 million.
Located at 2727 Paces Ferry Rd., the property was formerly the corporate headquarters for The Home Depot and is currently 93% leased to a tenant roster that includes Piedmont Healthcare.
Jay O’Meara, Justin Parsonnet, Will Yowell, and Ryan Reethof of CBRE represented the seller, Investcorp, in the transaction. Jonathan Rice and C.J. Kelly arranged financing for Farallon and Crocker through an undisclosed lender.
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